América Móvil divests its prepaid mobile telephony business in the U.S. for USD 6.9 billion

América Móvil divests its prepaid mobile telephony business in the U.S. for USD 6.9 billion

The Mexican company América Móvil has retained Cleary Gottlieb Steen & Hamilton LLP of New York to sell its prepaid mobile services provider, TracFone, to its U.S. counterpart Verizon in a deal totaling USD 6.9 billion. Debevoise & Plimpton LLP in New York and Washington, D.C. and Von Wobeser y Sierra S.C. in Mexico City assisted Verizon in the deal, which was announced on September 14.

The Mexican company América Móvil has retained Cleary Gottlieb Steen & Hamilton LLP of New York to sell its prepaid mobile services provider, TracFone, to its U.S. counterpart Verizon in a deal totaling USD 6.9 billion. Debevoise & Plimpton LLP in New York and Washington, D.C. and Von Wobeser y Sierra S.C. in Mexico City assisted Verizon in the deal, which was announced on September 14.